<p>Brookings Report Suggests Shift to Formulary Apportionment</p>

Brookings Report Suggests Shift to Formulary Apportionment

Brookings Institution

Raising the corporate tax rate to 28 percent, improving the global intangible low-taxed income tax, and repealing the foreign-derived intangible income deduction in the short term, then shifting to a formulary apportionment system later, could raise more revenue from multinational companies, Kimberly Clausing said in a January 28 report released by the Brookings Institution.

<p>Raising the corporate tax rate to 28 percent, improving the global intangible low-taxed income tax, and repealing the foreign-derived intangible income deduction in the short term, then shifting to a formulary apportionment system later, could raise more revenue from multinational companies, Kimberly Clausing said in a January 28 report released by the Brookings Institution.</p>